PHOENIX, AZ, Sept. 17, 2012 – The new SVN National GSA Team has completed a $4.3 million U.S. Border Patrol building (top left photo) sale in Cotulla, TX. The three-building, 23,485-square-foot project sits on 8 acres at 1550 Double C Drive, on the I-35 access road. It includes a high-security administration/detention building, vehicle maintenance and kennel facilities.


Sperry Van Ness National GSA Team leaders Mark Phillip (lower right photo)s and Tim Strange represented the property seller, DLI Cotulla, L.P. Bruce Marshall (lower left photo), Managing Director in the Dallas office of Sperry Van Ness, represented the property buyer, UIRC-GSA Cotulla TX, LLC.

“Like most GSA deals, this transaction had intricacies that required niche expertise and collaboration,” said Phillips, who is Managing Director of Phoenix-based Sperry Van Ness I MVP CRE Advisors and leads the SVN National GSA Team. “Our group is designed to fill this precise need for buyers and sellers. That makes it very rewarding to have this first deal officially completed.”

The Cotulla Station is occupied 24 hours a day, 365 days a year by the U.S. Border Patrol, an agency within the Department of Homeland Security, with responsibility for protecting U.S. borders from illegal entry and interdicting smugglers and contraband. One of 145 Border Patrol stations nationwide, Cotulla currently employs 70 officers, with a master plan for 100 officers.

“This deal was a challenge in that the Border Patrol had just three years left on their lease, which is not ideal in this market,” said Phillips. “We located a strong buyer and were able to illustrate the long-term potential of the Border Patrol. The stability of GSA investments added to the draw, and led to a sale that was advantageous for both parties.”

For a complete copy of the company’s news release, please contact:


Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

www.focusaz.com